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janice shell

02/01/18 10:24 PM

#131982 RE: nodummy #131981

Christ on a crutch. Just when I got round to deleting PKGM from my Favorites, having lost interest in it months ago.

Slojab

10/13/18 11:14 AM

#141706 RE: nodummy #131981

Here's the latest on PKGM.

https://backend.otcmarkets.com/otcapi/company/financial-report/204143/content

1:700 R/S and name change to Gentech.

Their latest Q doesn't look too good.

https://backend.otcmarkets.com/otcapi/company/financial-report/204168/content

Especially, this part.

Note 8 – Subsidiaries
As disclosed in our Form 8-K filed with the Securities and Exchange Commission, we issued a total of 400,000 shares of our Series B Convertible Preferred Stock in connection with our acquisition of 80% of the Class A common stock and 100% of the Class B common stock of Social Technology Holdings, Inc. (“STH”), and reserved an additional 80,000 shares of our Class B voting Convertible Preferred Stock for issuance in a contemplated merger transaction to acquire the 20% minority interest in the STH Class A common stock. STH is the owner and operator of “Viximo”, a software platform that allows game providers to access multiple websites from a single source API.”
As disclosed in our Form 8-K filed with the Securities and Exchange Commission, we issued a total of 270,000 shares of our Series C Convertible Preferred Stock and a $3,960,000 convertible note due March 31, 2019 in connection with our acquisition of 100% of the outstanding common stock of Kicksend Holdings, Inc., a Delaware corporation (“Kicksend”). Kicksend is engaged in the business of file storage and sharing in real-time on digital platforms, including desktop, mobile and webapps, to permit users to organize, download and sent storage files. Under the terms of these acquisitions, the Company was to receive full financial disclosure in order to maintain its ‘fully reporting’ status with the SEC. Subsequent to the closing, neither acquisition target was able to provide full financial disclosure and Pocket Games’ attorney opined that this was a material breach of the contracts and the acquisitions described above were unwound. This resulted in the unwinding, return, and cancellation of all items related to the acquisitions. The Company recorded a loss on deconsolidation in the amount of $1,068,339 for the year ended October 31, 2016. This same amount is disclosed as judgement payable on the balance sheet as of July 31, 2018.